Ticker: CL โข Yield: 2.3% โข Growth (5yr): 3.0%
๐ฐ Net: approx. $846 /mo after tax.
Currently, you need $521,739.13. But if CL grows its dividend by 3.0% annually, you can invest less today and hit your goal later.
*Assumes constant dividend reinvestment is NOT included, only dividend growth.
Reinvesting all dividends with constant yield:
| Year | Total Value | Monthly Income |
|---|---|---|
| Year 1 | $533,739 | +$1,023/mo |
| Year 3 | $558,573 | +$1,071/mo |
| Year 5 | $584,563 | +$1,120/mo |
| Year 10 | $654,952 | +$1,255/mo |
๐ Student loans? Dividends are paying them off for you.
Is your goal to generate $1000.00 every month passively? Using Colgate-Palmolive (CL), you'd need approximately $521,739.13 invested today. Note that this math relies on a 2.30% yield.
Traded as CL, Colgate-Palmolive operates within the Consumer Staples space. Many portfolios hold it for consistency.
Deploying $521,739.13 is a serious step. Ensure CL aligns with your risk tolerance.
Disclaimer: Informational only. Not financial advice. Yields vary. Past performance does not guarantee future results.